Another Biglaw firm has decided to match the new associate compensation scale established last week by Cravath.
Associates fishing for raises at Fish & Richardson were rewarded today. The firm, ranked 92nd on the most recent Am Law 100 with $512,043,000 in gross revenue last year, announced a brand new compensation scale, but one that is increasingly familiar to Biglaw observers.
Effective January 1, the new compensation grid at Fish is as follows:
You’ll notice the firm has not announced their year-end bonuses. The firm eschews lockstep bonus grids for individualized merit bonuses, and the firm insists for “a number of associates” bonuses are above the market standard.
You can read the full memo on the next page.
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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @Kathryn1@mastodon.social.